This ones moved up pretty nicely over the last few days and looks like it could go beyond its high for the year in the 250s. Theres certainly momentum behind it and it could also be presenting news of acquisitions which would most surely push its growth forecasts up.

Sondex specialises in the design, development and production of electromechanical
technology for downhole operations and measurement in oil & gas
wells. It supplies all major oil service companies globally and is a respected name
in the industry. Listed June 2003 @ 100p/share.

The companys last results were very impressive....

Turnover up 81% to 31.7million (2004 - 17.5million) forecast of 30m
Operating profit before amortisation of intangibles rose 46% to 7.7million
Operating profit rose 46% to 5.1 million
Basic earnings per share 4.7p (2004 - 0.4p) forecast of 6.8p
Adjusted earnings per share 10.1p (2004 - 4.0p) forecast of 11.8p
Full year proposed dividend increased by 8% to 1.95p (2004 - 1.80p)

The company is certainly not cheap with a rolling P/E of circa 20 but you have to remember this is a world class technology company serving the booming oil industry and as I state above we could see further earnings enhancing bolt ons.

Broker Evolution have a prospective P/E of 15 on the stock which could be found to be too high if the earnings as I beleive will be ramped up.

Its certainly worth having a look at the last RNS from the company re to the analyst site visits....................

Sondex PLC
27 June 2005


Monday 27th June 2005

Sondex plc
('Sondex' or the 'Company')

Sondex, the oilfield technology company, will today host an analyst visit to its
R&D facilities in Bramshill, Hampshire and to its new facility in Yateley,
Hampshire where final product assembly, test and inspection is now undertaken.

At the briefing, Sondex will confirm that trading since the year end remains in
line with the guidance given at the Preliminary results in May, when the company
stated that the order book was strong, reflecting good market conditions, and
that the Board was confident of achieving further successes in the current year.
Otherwise, no material new information will be disclosed during the meeting.

A copy of the presentation to be given can be downloaded at
www.sondex.co.uk ENDS.

We could have more institutions buying ito this one in the very near future and the only reason I say in the heading that It could be a trading buy is because of the high P/E at the moment but I expect that to drop with increased earnings.

DYOR.

cheers GF.

spread 45 v 46p +2.00 (+4.60%)

The early marked down to yesterday's low has encourage buyers again and a spike up on the share price is now taking place

48.25 +3.25 (+7.22%)

DIRECTOR BUYING
3er time now

David Vernon Richards, Non-executive Director purchased 30,000 Common Shares of SDX Energy Inc. on July 27, 2017

A bit of large spread 47 v 48.50p, but the real price paid is much smaller

there is a large delayed on the ticker, paying 48.25p and someone managed to buy large at below 48p and got the MM moving to the bid.

So all good news

Level 2
now 2 v 1 ( from 1 v 2 )

RNS today........

Grant of awards under a new long term incentive plan ("LTIP") to the Executive Directors and certain other key employees of the Company

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announces that on 31 July the Company issued awards under its long term incentive plan ("LTIP" or the "Plan") to its Executive Directors and certain other key employees.

SDX sought third party advice and used PriceWaterhouseCoopers and, in respect of Canadian legal matters, Borden Ladner Gervais LLP to advise on the new LTIP scheme. It is important to note that stretching strategic, operational, financial and shareholder return performance criteria must be met for the options to vest. The Company recognizes the need to ensure that Executive Directors and key employees from its operational, commercial, technical and financial divisions, who are critical to executing SDX's strategy over the next phase of its development, are retained and incentivized to generate long term value for shareholders. Furthermore, the Board believes that the three year vesting period and the requirement for a further two year holding period for Executive Directors, will act as strong retention factors.

As a result, in relation to its Executive Directors, the Company announces the following grants under the LTIP ("LTIP Awards") over the Company's common shares as shown in column 3 of the table below. These grants equate to 100% of each of the Executive Directors' salaries on 31 July 2017.

The number of shares subject to the LTIP Awards has been determined by reference to the mid-market price of a share on 28 July 2017 (GBP0.45 pence per share). In order to optimize the post-tax value of the LTIP for participants, the Company has granted market value options as defined under UK tax legislation ("CSOP Options") to the Executive Directors, over the number of Shares as shown in column 4 of the table below. The exercise price of each CSOP Option is GBP0.45 pence per share, being the closing mid-market price of a share on 28 July 2017.

47.75p +0.50 (+1.06%)

back in Canada last night close well up while here were a bit down for the day.
C$0.82 (C$+0.06) +5.13% volume 91339

Increased stake

MEA Energy Investment Company Ltd
before 26,919,437
now 29,219,437 - 15.63%

The Oil Man: SDX Energy, By Malcolm Graham-Wood | Wed, 6th September 2017 -

SDX Energy

SDX Energy (SDX) has announced that it has raised $10 million in a "massively oversubscribed" private placing at no discount to last night's close. Existing major shareholders MEA and Ingalls & Snyder, as well as pretty much all of the major institutions fought it out over what is a modest funding, but gives the company great opportunities with the drill bit in coming months.

In Egypt, SDX are planning to drill two exploration wells on the Kelvin and Bragg prospects targeting 150 bscf of prospective resources at a cost of $2.5 million each. There is significant potential here, the Kelvin prospect and South Disouq may be one large prospect with a continuous gas bearing section connecting them.

In addition to this, it may be possible to double the plateau rate from 50 to 100 MMscf/d which would make a huge difference to gas sales and achieve rapid profit payback, with this raise SDX will be fully funded for its programme until the end of 2018.

In Morocco SDX are, as predicted in recent notes, drilling two additional development wells at the Gharb Centre and Sebou permits respectively targeting 1.91Bscf in aggregate. These wells are in addition to the existing seven in the programme and are close to existing infrastructure for speed of startup and early cash generation.

These wells, at $2.5 million each which incidentally also includes connection to the customer, enable the company to benefit from allocating the relatively high mobilisation and demobilisation costs over 9, not 7 wells. As a result of this SDX is targeting an increase in gas volumes sales in Morocco by 50% over the next 2/3 years, and it should be remembered just how high margin this business is.

Following this funding, SDX is in an extremely strong position, funded through the end of next year with potentially significant, high margin projects with the addition of some very exciting exploration upside.

At the risk of repeating myself, the shares are extraordinarily cheap and should easily go back to and indeed break through the April high of 67.375p, which itself would still be incredibly good value.
-------------
· Fundraising completed by way of an oversubscribed simultaneous placing of, and direct subscription for, 17,559,455 new Common Shares at 43.75 pence per share raising gross proceeds of US$10 million

· New Shares represent 9.4 per cent. of the Company's pre-Fundraising issued share capital

· The Fundraising Price was equal to the closing mid-market price of the Company's shares on AIM on 5 September 2017

· The Fundraising includes a significant subscription by MEA Energy Investments Limited, an existing 15.6 per cent. Shareholder, taking its shareholding to 19.1 per cent.